Stifel raised Marvell Technology's price target from $120 to $140, maintaining a Buy rating due to strong growth in AI-driven semiconductor markets. Marvell's Q3 FY2026 revenue rose 37% year-over-year, with data center revenue making up 73% of total sales. The company’s custom AI silicon programs are in volume production, and its recent acquisition of Celestial AI is expected to boost optical interconnect capabilities. Analysts see this as a buying opportunity amid volatility, though risks like customer concentration and trade restrictions remain.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
